Islamic Finance: A Guide for International Business and by Habiba Anwar, Roderick Millar

By Habiba Anwar, Roderick Millar

This well timed advisor to Islamic monetary perform is aimed toward banking execs and company traders around the globe. With similarities to 'ethical funding' within the West, Islamic funding relies on socially-responsible ideas apart from components equivalent to playing, alcohol, guns and items which are high-risk / high-return. Islamic and traditional banking have converged lately and traders and asset managers became more and more drawn to monetary items and the associations that adhere to Shariah principles.

Show description

Read or Download Islamic Finance: A Guide for International Business and Investment PDF

Similar investments & securities books

Encyclopedia of Alternative Investments

A pioneering reference crucial in any monetary library, the Encyclopedia of different Investments is the main authoritative resource on substitute investments for college students, researchers, and practitioners during this quarter. Containing 545 entries, the encyclopedia specializes in hedge cash, controlled futures, commodities, and enterprise capital.

Trade Your Way to Wealth: Earn Big Profits with No-Risk, Low-Risk, and Measured-Risk Strategies

Profitable dealer and consultant invoice Kraft indicates the way to exchange the monetary markets in a manner that limits probability and gives the possibility of large gains. Kraft, who left a winning legislations perform to turn into an self sustaining dealer, explains his personal academic approach and the way he arrived at a buying and selling procedure that basically makes use of concepts to generate constant source of revenue, restrict threat, and perform vast marketplace strikes.

Financial Securities: Market Equilibrium and Pricing Methods

Of specific entice researchers at significant brokerages, this e-book presents the fundamental theoretical foundations essential to know the way shares, concepts, and bonds are valued on monetary markets. with out over the top recourse to arithmetic, the writer covers the the most important thoughts of industry equilibrium and arbitrage with adequate analytical rigor.

Handbook of the Fundamentals of Financial Decision Making - Part 1

This guide in elements covers key themes of the idea of economic choice making. a few of the papers speak about genuine functions or case experiences to boot. there are many new papers that experience by no means been released sooner than in particular partly II. half I is anxious with determination Making below Uncertainty.

Extra resources for Islamic Finance: A Guide for International Business and Investment

Example text

The fee an issuer accepts from the merchant is allowed since it is a commission (samsara), either as a percentage of the loan amount or as a fixed fee. Partial loan repayment cards With this type of credit card the holder can pay a percentage of the due amount at the due date after the grace period. The issuer will add some percentage to the loan amount for giving this revolving capability. This type of card is haram (forbidden), since the issuer adds a percentage on the loan amount because of the delay in payment and this is a pure riba.

Full loan repayment cards With this type of credit card, the holder has to pay the entire amount due in full on the due date after the grace period. This type of card is also called a charge card. This type of card is halal, given two conditions are met: 1. The agreement between the issuer and the cardholder should not state 38 Islamic Finance in Practice that the cardholder pays any late fees where payment has not been made on time. This is considered riba because the loan amount will be increased at repayment; and 2.

The seller may enter into a contract with a manufacturer to provide the same goods, which is the subject matter of the first istisna’a contract; • In an istisna’a contract, before a manufacturer starts the work, any one of the parties may cancel the contract by giving a notice to the other; however, once the manufacturer has started the work, the contract cannot be cancelled unilaterally; • The al-mustasni (purchaser) has the right to obtain collateral from the al-saani for the amount paid and with regard to delivery of the goods with specifications and time; and • The contract may also contain a penalty clause on account of breach of the contract.

Download PDF sample

Rated 4.42 of 5 – based on 49 votes